Kallanish

Last week the Turkish scrap price index reached a new three years low, falling to below $240/tonne cfr Turkey. The last time such a low level was registered was in October 2016, just as the market began to recover after a big drop in the previous two months. Now ...

Last week the trends for Chinese iron ore prices and Turkish scrap values diverged again: iron ore recovered from the recent fall to return to level of around $90/tonne cfr China, while Turkish scrap continued to correct downward. Going forward, the main question among market participants is whether the ...

World crude steel production for the 64 countries reporting to the World Steel Association increased 1.7% on-year in July to 156.7 million tonnes. Growth thus slowed from 4.6% in June and 5.4% in May.

Although slowing from double-digit growth, Chinese production still increased 5% in July ...

During the last two weeks iron ore prices have continued the downtrend initiated in July, to fall back to the lowest price level seen since the end of January this year. On Thursday the 22nd of August the price of iron ore touched $83.34/dry metric ton cfr Qingdao ...